Thread by @MylesMcNulty

This was a fortunately timed move, but in hindsight, perhaps even more could have been taken off the table...! FTSE approaching -4% on the day.

Then again, as we all inevitably learn the hard way - hindsight is not a strategy.

Regardless, I have a healthy cash pile to...

1/4

https://twitter.com/MylesMcNulty/status/1304402662914494464

...deploy now, with many excellent opportunities about.

#COVID19 testing stocks should of course do very well in the coming few months, with the #AZN / Oxford vaccine delayed and #Moonshot being launched.

My top picks (and the only ones I hold) remain #AVCT and #NCYT.

2/4

In my view, we won't see a market meltdown. The fear factor driven by 'The Great Unknown' is no longer present, as it was in Feb/March.

Of course, there are some sectors I won't be touching, but many industries have gotten to grips with lockdown working measures/lifestyle.

3/4

There are a great many Cos that have just lost 10%+ of their value (with possibly considerably more to come in the next week or two) purely because investors are derisking from equity holdings across the board.

For me, now is the time to cautiously scale into the bargains.

4/4